Cloudflare: Blistering Growth And Undervalued

Dec. 04, 2022 1:21 AM ETCloudflare, Inc. (NET)12 Comments
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Summary

  • Cloudflare is a leading content delivery network (CDN) which provides fast, secure access to millions of websites globally.
  • The company reported strong financial results in the third quarter of 2022, beating both top and bottom line estimates.
  • Cloudflare's Data Localization platform is proving to be popular with customers as organizations look to store data locally in countries for regulatory reasons, privacy, and due to geopolitical pressure.
  • The stock is undervalued intrinsically and relative to historic multiples.
Exterior view of Cloudflare headquarters, San Francisco

Sundry Photography

Cloudflare (NYSE:NET) owns a network of data centers that enables it to provide web content rapidly and securely. The company's bold mission is to "build a better internet" and so far, growth has been strong. In the third quarter of 2022, Cloudflare reported solid financial

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4.93K Followers
Senior Investment Analyst for Hedge Funds. Interviewed Hedge Fund Managers and CEO's. Investment Strategy: Focus on Deep Dive Valuation, G.A.R.P (Growth at a Reasonable Price). Masters in Equity Valuation, 755+ Companies Analysed.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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